
Drb Systems
DRB Systems -- Car Wash POS / Quick Lube POS (Point of Sale) Computer Software.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
investor | €0.0 | round | |
$965m Valuation: $965m | Acquisition | ||
Total Funding | 000k |
In 1984, Don Rawson Jr. founded DRB Systems in Akron, Ohio, to solve a growing problem for car wash operators: the need for better technology to manage their business. The company started by providing point-of-sale systems, software, and control solutions specifically tailored to the car wash industry. This focus on a niche market allowed them to develop deep industry knowledge and build a strong reputation. The core of DRB's offering was technology that improved operational efficiency and enhanced the customer experience. Their systems, like SiteWatch® for point-of-sale and TunnelWatch® for automated control, became integral to running a modern, profitable car wash. For decades, the company grew steadily, establishing itself as a market leader with installations across all 50 states and Canada. A significant chapter began in 2017 when private equity firm New Mountain Capital acquired the company, seeing its potential for further growth and innovation. This led to a period of significant investment in product development. The story culminated in 2021 when Vontier, a global industrial technology company, announced its acquisition of DRB Systems for approximately $965 million. This move integrated DRB into a larger portfolio of mobility and transportation solutions, positioning it for its next phase of growth while continuing its mission to help car wash operators maximize profitability.